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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

12/12/19

Delta Air Lines (DAL) flying higher. The stock us up 3% thanks to upbeat guidance at an investor day meeting. Delta expects another great year in 2020 with strong earnings guidance and revenue growth of 4% to 6%. The American market accounts for around 70% of Delta's entire business. The International market is a "bit more choppy" for Delta and other airliners. Delta also announced a minority stake in a private-jet operator called Wheels Up. The agreement calls for Delta merging its private jets into the Wheels Up platform as a way to extend the Delta brand.

Lovesac (LOVE) feeling no love. The bean bag and furniture company stock is down 19% to new lows on disappointing earnings. Sales rose 24.9% to $52.1 million but came in below expectations. The Company experienced a timing shift of showroom openings in the third quarter. These showrooms are expected to open in the fiscal fourth quarter, but investors don't seem too sure.

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